4 / 7 Relevant items tagged with #GBTC

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FTX Unloads $1 Billion GBTC Shares; Will The Bitcoin Rally Be “Vicious”?

[Jan 24 3:00 PM] Fred Krueger, an investor and crypto analyst, is predicting a “vicious” Bitcoin (BTC) rally shortly. He cites the recent unprecedented accumulation of the coin by Wall Street heavyweights. This surge in institutional interest coincides with the…

Grayscale's GBTC Has Moved More Than 100K BTC to Exchange Since Spot Bitcoin ETF Launch

[Jan 24 10:37 AM] Outflows from the Grayscale Bitcoin Trust have topped $1 billion per day this week.

GBTC Experiences Record Bitcoin Outflow; Blockguard CEO Advises Investor Calm Amidst Market Shift

[Jan 23 10:00 AM] Grayscale’s spot bitcoin exchange-traded fund (ETF), known as GBTC, has experienced increased outflows since its recent update. Present data reveals that a substantial 14,292.18 bitcoin, valued slightly above $556 million, exited the fund…

Is Grayscale Takeover Bait Amid Bitcoin ETF Battle?

[Jan 23 9:20 AM] Experts said newcomers in the bitcoin investing game could be enticed by Grayscale, the incumbent with a huge lead.

Bitcoin Bulls Buoyed by Report of FTX's $1B GBTC Sale

[Jan 22 1:09 PM] Flows of fresh investor money into the newly approved spot bitcoin ETFs may be far higher than previously thought.

Analyst Foresees Bitcoin Downtrend Until GBTC Is Liquidated

[Jan 22 10:00 AM] Chris J Terry, a cryptocurrency analyst and enthusiast, has revealed his insights on the price action of Bitcoin, predicting a continuous decline in the price of the crypto asset. Analyst Says Bitcoin Will Continue To Drop The crypto analyst shared…

FTX Sold About $1B of Grayscale's Bitcoin ETF, Explaining Much of Outflow: Sources

[Jan 22 9:24 AM] BTC's price has fallen since bitcoin ETFs were approved. In theory, now that FTX is done selling its substantial holdings, the selling pressure could ease since a bankruptcy estate liquidating holdings is a relatively unique event.

GBTC’s Mixed Fortune: 54% Market Share in ETF Trade Volume Accompanied by $2 Billion BTC Exodus

[Jan 20 11:00 AM] Over a span of six days in the U.S. market, nine newly launched spot bitcoin exchange-traded funds (ETFs), along with the recently revamped GBTC, collectively saw a trading volume of $16.53 billion. GBTC, commanding the majority of this trade…

Grayscale Bitcoin Trust Stash Dips by 10,800 BTC in One Day Amid High GBTC Trading Activity

[Jan 19 9:30 AM] The Grayscale Bitcoin Trust, commonly referred to as GBTC, has recently divested a considerable quantity of bitcoin. Records indicate that a total of 10,823.86 bitcoin, valued at approximately $447.40 million, was withdrawn from the holdings of…

Bitcoin Exposed to Possible $1.5B in Future GBTC Sales, JPMorgan Says

[Jan 19 1:49 AM] An additional $1.5 billion could exit GBTC, putting more pressure on the bitcoin price in the coming weeks, the report said.

Grayscale’s GBTC Sheds Over 13,700 BTC in 24 Hours Amid Rising Bitcoin ETF Competition

[Jan 18 3:44 PM] Prior to Wednesday’s market opening, Grayscale’s exchange-traded fund, GBTC, reported holding 605,890.87 bitcoin in reserves. However, according to the company’s most recent update, there has been a significant decrease in…

Bitcoin ETF Makes Waves: Volumes Surge $10 Billion 3 Days

[Jan 17 9:00 AM] Bitcoin Spot Exchange-Traded Funds (ETFs) have once again garnered the attention of crypto enthusiasts and investors as the products have witnessed a whopping $10 billion in total trading volume in the first three days of trading. Bitcoin Spot ETF…

The Grayscale Effect: The Bitcoin Price Has A New Prime Trading Hour

[Jan 17 3:20 AM] The crypto trading landscape is witnessing a paradigm shift with the recent introduction of spot Bitcoin ETFs in the United States, catalyzing a new wave of trading dynamics. Bloomberg analyst James Seyffart revealed that the total trading volume…

Grayscale Moves Another 9K Bitcoin to Exchange in Preparation for Sale

[Jan 16 10:27 AM] The news sent bitcoin tumbling early Tuesday, but the price quickly recovered.

Grayscale Moves Nearly $1 Billion Worth Of Bitcoin In Past Month – Report

[Jan 13 7:00 AM] According to the latest report, asset management firm Grayscale has been transferring large amounts of Bitcoin to various wallet addresses over the past month. This data revelation comes days after the asset manager’s application to convert its…

Grayscale’s GBTC Discount Closes to Zero for First Time Since February 2021

[Jan 11 9:44 AM] Grayscale received the regulatory green light to convert its flagship product into an ETF on Wednesday.

Analyst Predicts $570 Billion Inflow Amid Bitcoin Spot ETF Approval

[Jan 8 10:00 AM] Scott Melker, a cryptocurrency analyst and advocate has pointed out a massive inflow into Bitcoin following the approval of BTC Spot Exchange-Traded Fund (ETF). Bitcoin Might Be Poised For $570 Million Inflow The crypto analyst shared his…

In Bitcoin ETF Battle, Grayscale Is Bringing 'a Gun to a Knife Fight'

[Jan 8 9:24 AM] The Grayscale Bitcoin Trust's (GBTC) $27 billion of bitcoin and $350 million of daily volume gives Grayscale an advantage versus BlackRock and other wannabe rivals, according to Bloomberg's Eric Balchunas.

Barry Silbert Resigns as Chairman of Grayscale Investments

[Dec 26, 2023 1:30 PM] Digital Currency Group (DCG) founder Barry Silbert has resigned from his position as the chairman of Grayscale Investments. Current DCG chief financial officer Mark Shifke succeeds Silbert and is joined by Edward McGee and Matthew Kummell as…

ARK Sells $28M Grayscale Bitcoin Trust Shares as Bitcoin Nears $43K

[Dec 19, 2023 2:18 AM] ARK Invest offloaded $13M worth of GBTC shares last week.

Grayscale Gears Up for Spot Bitcoin ETF, Updating Trust Agreement for Sake of ‘Operational Efficiencies’

[Nov 29, 2023 3:30 PM] The changes involve the fee structure, and how assets can be custodies for smoother share creation and redemptions

ARK offloads $5.2M in Coinbase stock amid 18-month high

[Nov 28, 2023 1:51 AM] Cathie Wood’s ARK Invest has sold another 43,956 Coinbase shares as the stock hits an 18-month high at $119.7 per share.

Grayscale’s GBTC Witnesses Historic Shrink in Discount to NAV as Metric Taps Single Digits

[Nov 25, 2023 2:30 PM] On Friday, data revealed a notable shift in Grayscale’s Bitcoin Trust, commonly referred to as GBTC, as its discount to net asset value (NAV) contracted to single digits for the first time in 2023. The figures indicate that GBTC’s discount…

Grayscale’s Bitcoin ETF Conversion Could Lead To $2.7 Billion Exodus: JPMorgan

[Nov 24, 2023 2:15 AM] In a new analysis, JPMorgan has raised concerns about the potential outflow of funds following the possible conversion of Grayscale Bitcoin Trust (GBTC) into an ETF. The banking giant estimates that the conversion could prompt investors to withdraw…

Cathie Wood’s ARK bags 1.1M Robinhood shares in one day

[Nov 9, 2023 5:30 AM] Cathie Wood’s ARK Invest has continued accumulating Robinhood shares while dumping Grayscale Bitcoin Trust shares.

U.S. SEC Said to Open Talks with Grayscale on Spot Bitcoin ETF Push

[Nov 8, 2023 2:51 PM] The U.S. Securities and Exchange Commission (SEC) has opened talks with Grayscale Investments on the details of the company's application to convert its trust product GBTC to a bitcoin spot exchange traded product (ETF), according to a person…

Bitcoin futures data highlight investors’ bullish view, but there’s a catch

[Oct 31, 2023 2:45 PM] The stars are lining up for Bitcoin price, but a few major price threats remain in play.

First Bitcoin ETF trades $1.5B as GBTC ‘discount’ echoes $69K BTC price

[Oct 29, 2023 2:13 AM] ProShares and Grayscale lead a surge of activity in Bitcoin investment products, with analysis confident of implied demand for a spot Bitcoin ETF.

Gemini Sues Bankrupt Lender Genesis, Its Former Partner, Over $1.6B Worth of GBTC

[Oct 27, 2023 10:20 AM] Cryptocurrency exchange Gemini has sued lending firm Genesis Global over 60 million GBTC shares that were pledged as collateral for Gemini's Earn users.

What Happens to GBTC Discount When FTX Sells its Holdings?

[Oct 26, 2023 12:57 PM] It’s possible the SEC could approve a spot ETF before any sales, taking discount worries off the table.